5, PARK LANE, BIRCHINGTON, CT7 0AN - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 PARK LANE is a large detached house of 122m², built sometime between 2003 and 2006. It was last sold for £330,000 in February 2023, which was around 36% below the average February 2023 detached price in the Thanet local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

5 PARK LANE Sold Prices

Land registry data shows three sales for 5 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. All of the three 5 PARK LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 9 FEB	£330,000	£515,408	36% below HPI
2016 24 MAR	£187,000	£317,912	41% below HPI
2005 10 AUG	£87,500	£240,664	64% below HPI

5 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The three 5 PARK LANE sales between August 2005 and February 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2023 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 5 PARK LANE?

5 PARK LANE is 122m² according to the EPC inspection conducted in August 2022. This puts it in the largest 40% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 5 PARK LANE lies on this distribution: 64% of detached houses are smaller than 5 PARK LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Margate.

5 PARK LANE: Plot and Title Map

5 PARK LANE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 5 PARK LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 PARK LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 PARK LANE?

5 PARK LANE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 5 on PARK LANE.